Budget and Finance Workgroup

The Budget and Finance Workgroup supports coordination, innovation and accurate reporting related to budgeting and program finance.

Meetings

About

The Budget and Finance Workgroup supports the Chesapeake Bay Program (CBP) in achieving the goals of the Chesapeake Bay Watershed Agreement by serving as a focal point for coordination, innovation, and accurate reporting across the program’s finance system. Our work spans budgeting, funding sources, and integrated financing strategies to ensure resources are effectively aligned with CBP Outcomes.

On funding, the workgroup helps partners identify existing resources, understand gaps, and develop strategies that align investments across federal and jurisdictional agencies. We coordinate and facilitate the distribution of discretionary Goal Implementation Team (GIT) funding (beginning in FY2017); provide input on the scope and implementation of CBP grant‑funded projects focused on financing and funding; and promote dialogue among CBP partners and funding organizations to highlight needs and foster collaborative opportunities.

As a resource on finance strategies, the workgroup supports stakeholders and the public with information on funding and innovative environmental finance tools that advance watershed restoration and protection. We coordinate partnership responses to recommendations emerging from symposiums and financial analyses and participate in finance‑related commitments in the Watershed Agreement, including the Local Leadership Outcome focused on implementing economic and policy incentives.

On budget and reporting, the workgroup leads the partnership’s response to requests for accurate, consistently reported budget and funding information. This includes meeting needs associated with the Chesapeake Bay Accountability and Recovery Act (CBARA) and informing CBP work plans. We also seek opportunities to incorporate and improve funding information across other Chesapeake Bay Program products, strengthening transparency and accountability throughout the partnership.

Projects

Publications

Illustrative Private Equity Capital Model (EFAB Report)

Publication date:

The Environmental Financial Advisory Board has produced a report and accompanying model to describe the perspective of the private equity investor when investing in Chesapeake Bay restoration. Understanding how private investors structure investments, consider risk, and expect in rates of return will help state and local governments identify opportunities for engaging with private equity in meeting water quality goals.

View document [PDF, 5.0 MB] Illustrative Private Equity Capital Model (EFAB Report)

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